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Jan 20, 2013
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the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come back and see a different thing. what is the biggest difference you are seeing coming back the second time? >> we passed a lot more rules on ourselves. we reduced our budget and exact opposite is happening to our government. it is gone crazy with regulation and restriction, but the part that is most alarmming is the amount of money that we are print one day will explode. we can't continue to print money. we have fancy names for it. it is quantitative easing and it is really printing money. wrim bay way has a trillion dollar note and you buy a loaf of bread everybody is happily singing . we will
the budget hasn't been balanced in multiyears and the deficit is over a trillion dollars . every man, woman and child. i had my fifth grandchild and that baby was born with $50,000 worth of debt if we were to pay it off today. every man and woman and child has that worth of debt. that is uncon69able and we have to stop kicking the can down the road and we have to solve the problem and do whatever it takes to get us back on the fiscal path again. >> i want to talk about it now you come...
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Jan 19, 2013
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he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republi
he is going to have to talk about more deficit reduction. they will do a will little partying this weekend they real lives it's right back to work, bill. >> word of a solution to prevent the united states from defaultingen its debt. the house majority leader eric cantor saying that lawmakers will vote next week on a short-term plan to let the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the...
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Jan 19, 2013
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plus, from immigration to deficit reduction, what else is on his second term to-do list. and is compromise or confrontation the real goal? plus the suicide of an internet activist finds his family crying foul. was aaron schwartz a victim of government intimidation and a run away prosecutor. >> while there's no law or set of laws that can prevent every sinceless act of violence completely, no piece of legislation that will prevent he every tragedy, every act of evil, if there's even one thing we can do to reduce this violence, if there's even one life that can be saved, then we've got an obligation to try it. >> paul: welcome to the journal editorial report, i'm paul gigot, that was president obama rolling out the plan to curb gun violence and the president outlined 23 executive actions, including more steps to make more federal data available from background checks and increased access to mental health services and he called on congress to reinstate the federal assault weapons ban and prohibit high capacity gun magazines that can hold more than ten rounds. so, what's like
plus, from immigration to deficit reduction, what else is on his second term to-do list. and is compromise or confrontation the real goal? plus the suicide of an internet activist finds his family crying foul. was aaron schwartz a victim of government intimidation and a run away prosecutor. >> while there's no law or set of laws that can prevent every sinceless act of violence completely, no piece of legislation that will prevent he every tragedy, every act of evil, if there's even one...
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Jan 20, 2013
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combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president already signed a trillion dollars of deficit reduction into law and committed to more spending cuts but we can't just cut our way to prosperity. we have toasting to invest in things like -- we have to continue to invest in things like education and energy. he put reducing the deficit in a balanced way to promote jobs for middle class families and that is going to be his guiding principle through the negotiations. >> i want to ask you quickly about the republican idea. would you support it but with the caveat they are telling the senate you haven't passed a budget in more than three years and you need to do
combines tough spending cuts with the balanced way to row deuce the deficit -- to reduce the deficit that, of course, includes revenue. includes asking the wealthiest americans in particular to pay their fair share. >> we have been on that issue and the republicans say that issue is behind us when it comes to taxs. >> take a look at what is in the package in terms of spending. additional savings from medicare and medicaid in it. savings from agricultural sub is sidis. the president...
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Jan 17, 2013
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>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact right now, i think the crisis we have right now is a jobs crisis. i think it's an income inequality crisis in our country. i think there's an investment crisis. we don't talk enough, neil, about the third leg of debt reduction, which is not only spending, not only raising revenue, but growth in the economy. and you know? this debt ceiling issue is just crazy. i stand -- >> was it crazy seven years ago when your democratic colleague voted against raising it? was it crazy then? >> well, except it wasn't real and this is real. the last final -- >> real is in the eye of the beholder. >> no, no. >> i guess it's -- >> it was more -
>> let me just say that the president has already sign into law about $2.4 trillion worth of deficit reduction and three-quarters of that -- >> wars we stopped fighting, already factored in. >> a bunch of that is for spending cuts. not necessarily spending cults i really -- cuts i like but spending cuts nonetheless. >> you disagree with him when he says we don't have a spending problem? >> no. i think we do have certain things we can cut in spending, but in fact...
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Jan 19, 2013
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has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? come on. >> let me put it in some context. there was a time in this country and everybo
has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest...
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Jan 20, 2013
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, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two or four years, or do they at least start to show signs of wanting to negotiate deals where both sides are allowed to win? we have not seen that, whether you want to blame the president, whether you want to blame republicans. you just haven't seen that. they don't like each other. they don't get along well. there are no relationships there whatsoever, and that's why i'm skeptical that things will be different. and again, it kind of goes to the core of what they believe. they just don't agree on anything. i'd be shocked if they agree
, or cut the deficit, at least. the president doesn't seem to be on that same page. >> yeah. look. republicans in the house and in the senate, for that matter, and the president i think so fundamentally disagree on the major issues of the day. i mean, so much so that i think common ground is very hard for them to find and will continue to be hard for them to find. the key thing to look for, john, and what people want to try to figure out, are things going to be different over the next two...
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Jan 18, 2013
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immigration reform, infrastructure, building high speed rail, getting rid of the deficit. education. we have to look at very carefully how do we stay competitive internationally with manufacturing and all this stuff? so there is a lot of issues that need to be addressed. we can't just freeze and say, it's hard to negotiate with the white house. everything is hard. when i sat there in sacramento, every single thing, you just wanted to build a road, it was a major issue. you had to negotiate for two years. but you can never give up. that's the most important thing. >> gretchen: the important other story is lance armstrong and coming clean on this interview last night with oprah winfrey. what do you make of the culture that we live in now where more and more people, including yourself, find themselves in situations where they have lied? >> i've never lied. >> gretchen: you never lied? >> you talking about my scandal that i had? i came very clean when my wife asked me the simple question. this is true. i said yes. i went out to the public and i immediately said, here is the si
immigration reform, infrastructure, building high speed rail, getting rid of the deficit. education. we have to look at very carefully how do we stay competitive internationally with manufacturing and all this stuff? so there is a lot of issues that need to be addressed. we can't just freeze and say, it's hard to negotiate with the white house. everything is hard. when i sat there in sacramento, every single thing, you just wanted to build a road, it was a major issue. you had to negotiate for...
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Jan 21, 2013
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you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on the rich and it was over, not so. senator schumer and fellow democrats are proposing yet higher taxes on the rich, more taxes on oil and gas companies and taxes on profits that american corporations makeover seas. so that is three big areas where taxes are going to go up. all of this we are told is going to be in the new budget which the senate has to pass in about a three-month period. so, here they come, higher taxes. martha: yeah. i mean, stuart, as you point out the argument that is being waged now about really tax rerecall follow was something that conservatives offered the first tim
you will need more revenues as well as more cuts to get the deficit down. we're going to do a budget this year and it will have revenues in it and our republican colleagues better get used to that fact. martha: promise, promises right? they will do a budget this year. we haven't seen one in how long? stuart varney the anchor of "varney & company". how many years has it been now? >> i believe it is 3 1/2 years. we go through the tax debate. we thought we got higher taxes on...
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Jan 21, 2013
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we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us, at any time, they may face a job loss or sudden illness or a home swept away in a terrible storm. the commitments we make to each other through medicare and medicaid and social security, these things strengthen us. [cheers] [applause] they do not make us a nation of takers. they free us to take the risks that make this country great. [cheers] [applause] we, the people, still believe that our obligations as americans are not just to ourselves, but to all prosperity we will respond to the thre
we must make the hard choices to reduce the cost of health care and the size of our deficit area but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [cheers] [applause] we remember the lessons of our past. twilight years were spent in poverty and parents of a child with a disability have nowhere to turn. we do not believe that in this country that freedom is reserved for the lucky...
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Jan 20, 2013
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the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? well, dad, i spent my childhood living with monks learning the art of dealmaking. you've mastered monkey-style kung fu? no. priceline is different now. you don't even have to bid. master hahn taught you all that? oh, and he says to say (translated from cantonese) "you still owe him five bucks." your accent needs a little work. and these come t
the price to fix the dome is $61 million, but when the nation's running a $16 trillion deficit, well, that's just a drop in the bucket. >> props, all right, chad. comings up after the break, who gave the shortest inaugural address in history? followous twitter. give us your guesses. we'll pick tup after the break. . olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [...
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Jan 20, 2013
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talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the democrats shut them out completely. maybe this time bipartisan. >> brian: that's not the harry reid i know. >> alisyn: let's get to other stories in the headlines, late last noos night, two drones strikes, at least three of the bodies were burned beyond recognition. the death toll could rise in the hostage crisis at a gas plant in algeria. many were killed including one american. two americans are still missing and the crisis ended yesterday when the aerian army attacked the plant killing two militants. president obama said this is attack is another reminder of the threat posed by al-qaeda and other violent ext
talking about his legacy, most important thing he could do is tax reform and deficit control. if he could put those two things together, that'd be bigger than health care. >> steve: you know what? if he were to work with the republicans talking reform-- >> i think that's a lock for next year. >> steve: well, he wants to do something about it. some republicans want to do something about it, remember last time with health care, the republicans had a bunch of ideas and the...
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Jan 21, 2013
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needs to look at the children's future in terms of economic debt and economic slavery through great deficits. >> steve: let's hope you're right and they get some things done. they compromise this time. >> exciting day. >> steve: it is indeed. thank you. next up, once a thing seen only in movies, drones are now revolutionizing warfare. inside look like you've never seen before. that's so cool. first, let's check in with bill hemmer who is live and chilly in d.c hey, billy. >> not too bad just yet. good morning to you. the next two hours we are live on the road here right across from the white house on pennsylvania avenue looking toward where america is today and what are the expectations for a second term? joe trippi is our guest on the democratic side. karl rove on the republican side. brit hume will analyze this as only he can when our coverage continues live at the top of the hour with martha and me on america's news room. we will see you then. so much to cover, so many important topics. we will get to as many as possible in the next two hours. we'll see you then ♪ just one bite opens a
needs to look at the children's future in terms of economic debt and economic slavery through great deficits. >> steve: let's hope you're right and they get some things done. they compromise this time. >> exciting day. >> steve: it is indeed. thank you. next up, once a thing seen only in movies, drones are now revolutionizing warfare. inside look like you've never seen before. that's so cool. first, let's check in with bill hemmer who is live and chilly in d.c hey, billy....